Accounting, Audit and Assurance

Following some delays this fall, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) are moving forward with a global accounting standard for how all businesses record revenues. With an expected pub...

Although occupational fraud has slightly declined globally in the past year, privately held companies and small businesses are still being hit hard and at the highest rates compared to their larger counterparts. International Fraud Awareness Week (...

Heavy workload, organizational changes and unclear expectations are among the common contributors to workplace stress, but did you know these factors could also directly impact your internal controls? Not only can stressed internal controls affect yo...

FASB Exposure Draft – ASU 2013-300 Disclosure of Uncertainties about an Entity’s Going Concern Presumption If you’re an entity reporting under U.S. generally accepting accounting principles (GAAP), change could be on the horizon for how you ass...

Companies dealing with leases will finally receive guidance on how the accounting for these leases will be implemented in the future, with the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) announc...

The Committee of Sponsoring Organizations of the Threadway Commission (COSO) has introduced 17 new principles across the five components critical to internal control as part of its Internal Control-Integrated Framework released on May 14, 2013. Acc...

Companies that recognize revenue from contracts with customers will have a long time to transition to major changes in reporting standards, with the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) annou...

In an effort to create financial reporting that is more relevant and cost effective for private companies, the American Institute of CPAs (AICPA) has released a proposed draft of a new framework that, when finalized, is expected to offer small and mi...